Bullish

Coldcard Attack Scale Surges to 1,367 BTC as CZ Emphasizes Team Response

2026-08-02 08:04:22

Coldcard-related exploits reach 1,367 BTC across 4,585 addresses. CZ highlights that team response to software vulnerabilities is critical, citing past Trust Wallet incident.

Woofun AI reports that the scale of Coldcard-related attacks has expanded to approximately 1,367.05 BTC, involving around 4,585 addresses and valued at roughly $88.6 million. A third wave of suspected attacks targeted addresses generated by Coldcard, with an attacker transferring approximately 207.7294 BTC. Binance founder CZ reposted a user's encounter with a Coldcard wallet attack on X, stating that software will always have vulnerabilities and the key lies in how the team behind it handles the problems. CZ added that Trust Wallet faced a similar issue years ago when a non-truly random pseudo-random number generator led to losses of approximately $12 million, but the team ultimately covered the user losses.

WOOFUN AI

Impact Assessment · Quick Read

The escalation of Coldcard exploits to nearly $89M underscores persistent risks in hardware wallet implementation. CZ's emphasis on post-breach accountability may influence market perception of wallet providers' reliability. If teams fail to compensate users, trust erosion could drive capital toward alternative custody solutions.
Generated by WOOFUN AI · For reference only, not investment advice

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